Cheetah Net Supply Chain Q2 EPS $(0.03) Down From $0.01 YoY, Sales $293.86K Down From $12.22M YoY
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain (NASDAQ:CTNT) reported a significant decline in its Q2 financial performance, with EPS dropping from $0.01 to $(0.03) and sales plummeting from $12.22 million to $293.86 thousand year-over-year.
August 13, 2024 | 8:55 pm
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Cheetah Net Supply Chain (NASDAQ:CTNT) reported a 400% decrease in EPS from $0.01 to $(0.03) and a 97.60% decrease in sales from $12.22 million to $293.86 thousand year-over-year.
The significant decline in both EPS and sales indicates severe financial challenges for Cheetah Net Supply Chain. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100